Best Practices for W-9 Forms
The purpose of a W9 form is to request tax payer identification to determine tax status clarification for vendors. The form certifies if the vendor is exempt from backup withholding and also clarifies if the vendor should receive a 1099 for payments made. Obtaining W-9 Forms for 1099 processing should not be a year-end event. [...]
Independent Contractor vs. Employee – A hot button for the IRS
This is an age-old question that business people wrestle with. In an attempt to minimize payroll taxes and employee benefits, employers often incorrectly identify employees as independent contractors. As a general rule, if the person requesting the work has the ability to control or direct the results, then they are an employer. What do we [...]
